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Crypto-Obsessed AI Gets Drunk, Claims Ripple Surged to $9

By CCN Markets: With all this talk about bitcoin, you might be surprised to learn that the ripple price quietly executed the most spectacular single-day rally in the crypto industry’s history.

The rally was so quiet, in fact, that it was ignored by every crypto price tracker, news blog, and armchair analyst.

Except one.

Report: Ripple Rallied 3,400% & You Probably Didn't Notice It

Did you know the ripple price briefly flirted with $10 last week? Neither did I.| Source: Investing.com via Archive.org

According to a now-deleted article from Investing.com (luckily, I archived it), the ripple price cleared a crucial threshold on Friday. No, the unnamed author wasn’t referring to the $0.30 barrier XRP slid under earlier this month, but rather a far more important resistance line: $9.35.

“XRP was trading at 9.35560 by 02:20 (06:20 GMT) on the Investing.com Index, up 97.17% on the day, Investing.com wrote.“XRP had traded in a range of $0.26774 to $9.36570 in the previous twenty-four hours.”

Now, I didn’t major in mathematics at university - and in full disclosure, I ditched Pre-Calculus for Consumer Math during my senior year of high school - but even I don’t need a calculator to know that something’s not quite right with Investing.com’s math.

While still a ridiculously-bullish rally, a one-day surge of 97.17% would have carried the ripple price to just $0.53, nowhere near its all-time high near $3.85 - much less $9.36.

Unfortunately for XRP bagholders, neither the 97% nor 3,400% figure is correct. According to CoinMarketCap, ripple’s trading range on that day was somewhat more narrow than Investing.com suggests: $0.261967 to $0.273342.

Even worse for XRP investors, OnChainFX data reveal that ripple is one of the few major cryptocurrencies to actually lose value against the dollar in 2019. XRP is down 23% since the new year, even as the bitcoin price has zoomed nearly 175% higher.

How the Heck Did This Article Get Published?

If there's one thing this Investing.com article proves, it's that journalists don't have to worry about robots replacing their jobs - at least not yet.| Source: Shutterstock